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Property legislation in all states is grounded upon the Torrens principle of registration of title. [1] This posits that each state has a central register of all land in the state and that the register also shows the 'owner' of the land. This system was devised to reduce the amount of fraud relating to land due to the falsification of title deeds.
Acre (state) [21] Brazil Bolivia: £2,000,000 1903 142,800 km² 14 GBP/km² Treaty of Petrópolis: Danish West Indies [22] United States Denmark: $25,000,000 USD 1916 400 km² 62,500 USD/km² Treaty of the Danish West Indies: Jäniskoski-Niskakoski territory [23] [24] Soviet Union Finland: 700,000,000 FIM: 1947 176 km² 700 FIM/km² Gwadar [25 ...
South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. [6] [7] In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
One real estate agent estimated the Zammit property value to be just shy of $50 million Australian dollars ($33 million) in new developments, Australia's 7News reported in March of last year.
Landcom is a New South Wales Government–owned statutory corporation that is responsible for the delivery of new housing to meet the needs of people in the Australian state of NSW. [ 4 ] As a State Owned Corporation (SOC), Landcom operates on a commercial basis with the power to undertake and participate in residential, commercial and ...
The Australian property market comprises the trade of land and its permanent fixtures located within Australia. The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation, [1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve ...
The Western Australian Land Information Authority operates under the business name of Landgate. [2]Formerly known as the Department of Land Information (DLI), the Department of Land Administration (DOLA) and the Department of Lands and Surveys (DOLS), it is the statutory authority responsible for property and land information in Western Australia.
Money within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.